Northern Trust has named Caroline Higgins as the new head of its global fund services business in Asia.

Higgins will be based in Hong Kong, according to the company, and will focus on bringing Northern Trust’s range of tailored fund servicing solutions to Asia-based investment manager clients. She will also be responsible for expanding the company’s range of region-specific products and capabilities, and will help Northern Trust’s existing clients distribute their products in Asia.

Higgins joins Northern Trust from Brown Brother Harriman, where she was head of transfer agency for Asia. During her career, Higgins has worked in Ireland, Australia and Hong Kong, and has 25 years of experience working in the fund servicing industry.

“Asia-Pacific is the fastest growing region for Northern Trust and we see increasing opportunity to expand our fund servicing business in Asia,” said William Mak, head of Northern Trust in Asia-Pacific, in a statement. “We are pleased to appoint Caroline to spearhead our focus on expanding our global fund services business here.

“We see an increasing demand from our clients in Asia for tailored fund servicing solutions that support their unique requirements,” added Peter Jordan, head of global fund services, Asia-Pacific. “Appointing Caroline to focus on Asia and our cross border business underlines our commitment to continuing to support our clients with fund administration solutions that meet their unique and regionally-specific requirements.”

Founded more than 30 years ago, Northern Trust Global Fund Services provides custody, fund administration and investment operations outsourcing solutions to investment managers across the globe and across the spectrum of asset classes.

Its parent, Northern Trust Corporation, was founded in Chicago in 1889 and is a global wealth manager providing asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Northern Trust has assets under custody of $6.7 trillion, and assets under management of $946 billion.

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